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Congressional Research Service: 'Payment Settlement Entities & IRS Reporting Requirements'
May 04, 2022
WASHINGTON, May 4 (TNSRep) -- The Congressional Research Service issued the following in focus (No. IF12095) on May 3, 2022, entitled "Payment Settlement Entities and IRS Reporting Requirements" by public finance analyst Anthony A. Cilluffo:

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The Internal Revenue Code (IRC) requires entities making certain types of payments, including wages paid to employees and business payments to contractors, to file information returns with the Internal Revenue Servic . . .

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